ICT Group announces acquisition of Profit and Strypes
ICT Group N.V. (ICT) announced 1 April 2021 the acquisition of 100% of the shares of Profit Consulting Eindhoven B.V. and Profit Consulting Apeldoorn B.V. (collectively referred to as "Profit"), as well as the acquisition of 100% of the shares of Strypes Nederland B.V. ("Strypes"). The acquisitions are in line with ICT's growth strategy, which aims to be a leading European provider of technology solutions in defined markets.
Profit is a service provider in technical automation founded in 1998. The company designs, develops and implements complex software solutions for high-end technical environments in a wide range of industries: healthcare, automotive, semiconductor, aerospace and government. The acquisition of Profit increases ICT's scale and market share in the technical automation industry. Profit employs approximately 30 FTE and reported sales of €3.9 million in 2020.Strypes is a service provider in the field of technical and industrial automation. The company operates primarily in the transportation and infrastructure market and is also active in the Life Sciences, High Tech, Industry and Utilities markets. With the acquisition of Strypes, ICT is strengthening its position in the Infrastructure market in the Netherlands in terms of scale, products and complementary expertise. Strypes has a subsidiary in Portugal, Strypes Technical Software Unipessoal LDA Portugal, providing ICT with a new nearshoring location. Strypes was founded in 2011 and was previously part of the same group as the current ICT nearshoring operations in Bulgaria. The company employs approximately 40 FTE and reported a turnover of €5.9 million in 2020.Jos Blejie, CEO of ICT said, "I am pleased to announce the acquisition of Profit and Strypes. With these acquisitions we increase our scale and expand our knowledge in specific areas. We warmly welcome our new colleagues within the ICT Group."